Gerrard's current contract expires at the end of the season and he has not ruled out leaving the club next summer.

The Reds' American owners are not prepared to match the 34-year-old's existing £180,000-a-week terms.

Starsport can exclusively reveal that they have offered the former England skipper a two-year-contract that will pay £90,000-a-week for the first season, dropping to £60,000-a-week in the final 12 months.